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Nov 26, 2012
11/12
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economy to full employment? some come from the housing sector. previous recoveries have been associated with a vigorous rebound in housing as rising incomes and a decline mortgage interest rates have led to sharp increases in the demand for homes. but the housing bubble and its aftermath have made this episode quite different. in the first half of the past decade, both housing prices and construction rose to unsustainable levels, leading to a subsequent collapse. house prices declined almost one-third nationally from 2006 until early this year. construction of single-family homes fell by two-thirds and the number of construction jobs decreased by nearly one-third. the associated surge in delinquencies on mortgages helped to trigger the financial crisis. recently, home prices and construction have moved up. these developments are encouraging and it seems likely that residential investment will be a source of economic growth and new jobs over the next couple of years. however, welt historical low mortgage interest
economy to full employment? some come from the housing sector. previous recoveries have been associated with a vigorous rebound in housing as rising incomes and a decline mortgage interest rates have led to sharp increases in the demand for homes. but the housing bubble and its aftermath have made this episode quite different. in the first half of the past decade, both housing prices and construction rose to unsustainable levels, leading to a subsequent collapse. house prices declined almost...
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Nov 21, 2012
11/12
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KRCB
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two years ago, obama looked at the economy and said the economy is so bad, we should extend all of the tax rates and have not a tax increase. the economy is not any better than two years ago. one of the resting places might be to extend it out six months, a year, two years, four years, and focus on other things because there is not an agreement here. >> but republicans and speakers have already put tax revenue on the table. does that make the pledge not to raise taxes now meaningless? >> what he said was that he supports the idea of revenue have economic growth and tax reform as part of getting revenue for the government. we need to do that. revenue today is at an all-time low because the economy is so bad. we have 10 million fewer people working than if we have a reagan-style recovery. obama's recovery has 10 million unemployed people. more jobs, more people working, more revenue. that is what boehner said a year ago, that he wanted to do in some sort of grand bargain, and that's what he said again. >> but when the speaker came out of the meeting at the white house, he said he was ope
two years ago, obama looked at the economy and said the economy is so bad, we should extend all of the tax rates and have not a tax increase. the economy is not any better than two years ago. one of the resting places might be to extend it out six months, a year, two years, four years, and focus on other things because there is not an agreement here. >> but republicans and speakers have already put tax revenue on the table. does that make the pledge not to raise taxes now meaningless?...
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Nov 21, 2012
11/12
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FBC
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. >> and you stimulate your economy. if you raise rates anddon't cut expenditures, what you are doing is making the fiscal problem that much worse. raising rates is aonetime revenue grab. expenditures is a long-term reduction in. and the reality is, wehave to do a lot more of expenditure reduction than we do increases in revenue. tom: do you think that the democrats and specifically the president would go along with some sort of quid pro quo where for every dollar for every $5 of reduction in spending we will have some sort of formula that raises rates? >> i think that is doable. not raising rates. think raising revenue, meaning put some limits on deductions. but some women on exemptions. but some women on some of these special deals that people have or engage in. i concede that as an avenue through which you can gain more revenue. it comes out to the sam thing. taxes go up. tom: but it's a little easier to sell. >> the promise not to increase tax rates. but none of it, i think, works. unless the white house is serious a
. >> and you stimulate your economy. if you raise rates anddon't cut expenditures, what you are doing is making the fiscal problem that much worse. raising rates is aonetime revenue grab. expenditures is a long-term reduction in. and the reality is, wehave to do a lot more of expenditure reduction than we do increases in revenue. tom: do you think that the democrats and specifically the president would go along with some sort of quid pro quo where for every dollar for every $5 of...
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Nov 22, 2012
11/12
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KQED
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eye 123
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economy on january 1, we examine whether congress and the white house can strike a deal to avoid going off the cliff. so be sure to join on us, we look at the impact of the cliff on jobs, how strategies for investors, and tom talks with mark mobius, the global investing guru. that's "nightly business report" for wednesday, november 21. happy thanksgiving everyone, and hope you have a great holiday too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt. >>> tonight on "quest" -- more than 70% of our world is covered with water, and most of that territory remains unexplored. see how the denizens of the deep are helping scientists understand more about their mysterious world.
economy on january 1, we examine whether congress and the white house can strike a deal to avoid going off the cliff. so be sure to join on us, we look at the impact of the cliff on jobs, how strategies for investors, and tom talks with mark mobius, the global investing guru. that's "nightly business report" for wednesday, november 21. happy thanksgiving everyone, and hope you have a great holiday too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back...
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Nov 27, 2012
11/12
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CURRENT
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the new 2013 ram 1500. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. >> eliot: coming up, florida's stand your ground law. how much longer will it stand. but first, thanksgiving thursday, black friday, and now viewfinder monday. when it doesn't fit anywhere else, we put it in the viewfinder. >> is there anything more annoying? this is driving me nuts. listening to people talk about what they're thankful for. >> i'm thankful for all three of. >> but i'm thankful for you. >> this thanksgiving what are you thankful for? >> my family. >> my job. >> my husband. >> my life. >> i'm thankful the election is over, and it was decisive, and that he won and the republican party is going to have to regroup. i think that was good for everybody. get it done, over with, move on. >> that will work. >> if you will. >> thank you mitt romney for being photographed this week pumping your own gas attending the twilight movie and then going to disneyland or a you would call that, going on a bender. >> we give tha
the new 2013 ram 1500. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. >> eliot: coming up, florida's stand your ground law. how much longer will it stand. but first, thanksgiving thursday, black friday, and now viewfinder monday. when it doesn't fit anywhere else, we put it in the viewfinder. >> is there anything more annoying? this is driving me nuts. listening to people talk about what they're thankful for. >> i'm...
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Nov 22, 2012
11/12
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CSPAN2
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they all share a huge stake in the future this economy. and that chief executives to fix about to join in the more than 80 other cd is already involved in helping to drive this movement, which was organized a year ago through the committee for responsible federal budget. as we continue to build rapidly strong voice demanding compromise will make it more appealing and politically possible for our representatives to take the necessary actions. so thank you. [applause] >> thank you. i am mark 10 baily at all start of question that we will throw it open to the audience. first off, i want to congratulate you for this effort to fix the debt. many of us felt the real pressure from the business community was important to getting this done. i think that is terrific. you mentioned some of the consequences that are likely to happen as a result of continued increasing the amount of debt. equity markets they suffer from the rates will rise. a lot of people have been hearing that for a while and yet may be the flip around the fiscal cliff, equity market
they all share a huge stake in the future this economy. and that chief executives to fix about to join in the more than 80 other cd is already involved in helping to drive this movement, which was organized a year ago through the committee for responsible federal budget. as we continue to build rapidly strong voice demanding compromise will make it more appealing and politically possible for our representatives to take the necessary actions. so thank you. [applause] >> thank you. i am...
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Nov 23, 2012
11/12
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FOXNEWSW
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it could be good for the economy, margery how so? it's regressive tax, hits those without money. >> and how do we pay for necessary things, and not create are more deficit. and what this tax would do, we already have a 18 cents tax and most states have a gas tax in california 64.8 cents per gallon and you don't see the economy suffering, and the consumers and seen 1.50 jump in gas prices. what this would probably do, we don't have it on paper is pay for things like road repairs and necessary things like that. why is it good? it encourages innovation, car pooling, people to kind of watch, and conserve frankly we have to think about the national security issues and conservation. >> nan: kevin, i know you don't agree with this one. >> no, i can't believe that a gas tax could be the answer to the fiscal cliff or anything else, more taxes not the answer here, and the stronger economy, but this is really a tax on the middle class, and people who drive our trucks and our car and deliver our food and everything else, this is going to tax the
it could be good for the economy, margery how so? it's regressive tax, hits those without money. >> and how do we pay for necessary things, and not create are more deficit. and what this tax would do, we already have a 18 cents tax and most states have a gas tax in california 64.8 cents per gallon and you don't see the economy suffering, and the consumers and seen 1.50 jump in gas prices. what this would probably do, we don't have it on paper is pay for things like road repairs and...
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1.3K
Nov 21, 2012
11/12
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COM
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believe, though, that the majority of americans would believe that incurring more debt is good for our economy, for our children's future, for job creators. >> it's not a traditional america anymore, and there are 50% of the voting public who want stuff. >> i cannot believe that the majority of americans would believe that it's okay not to follow the constitution and not have a budget. >> who is going to give them things? president obama. people feel that they are entitled to things. ( laughter ). ( booing ). >> jon: holy ( bleep ) balls. what an incredible story to tell yourselves. "we would have won if it weren't for the moral failings of the the none real america. it's white people judo." fox lost because last night minorities who feel entitled to things, came and took the country away from the self-sufficiency, white medicare retirees and upper class tax-avoidance experts, or as they're also known-- your audience. we'll be right back. ( cheers and applause ) íf9n9n9n9n9n9n9n9n9n9n9n9n9 >> jon: welcome back. last night brought a big storm to ( bleep ) mountain of which the citizens were u
believe, though, that the majority of americans would believe that incurring more debt is good for our economy, for our children's future, for job creators. >> it's not a traditional america anymore, and there are 50% of the voting public who want stuff. >> i cannot believe that the majority of americans would believe that it's okay not to follow the constitution and not have a budget. >> who is going to give them things? president obama. people feel that they are entitled to...
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92
Nov 27, 2012
11/12
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CURRENT
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that is manageable with a growing economy. these numbers are close to our historical norms. the cries of the past few years is that revenue has fallen to 15.5% of gdp while spending crept up to 22.4%. and that is not manageable. notice the most significant deviation has been in the revenue decline not the spending increase. we should spend about 21% of the gdp but spending 22.4% we should get 18.5% in revenue but are getting only 15.5%. so listen to the wisest investor and businessman and also one of the wealthiest men in the world. raise marginal rates and stop worrying about those at the top of the income spectrum. it sounds very simple and reasonable especially when it comes from these talking points, that the right have, about the "heavy hand of government" ... i want to have that conversation. let's talk about it. really? you're going to lay people off because now the government is going to help you fund your healthcare. really? i want to have those conversations, not to be confrontational, but to understand what the other side is saying, and i'd like to arm our viewers
that is manageable with a growing economy. these numbers are close to our historical norms. the cries of the past few years is that revenue has fallen to 15.5% of gdp while spending crept up to 22.4%. and that is not manageable. notice the most significant deviation has been in the revenue decline not the spending increase. we should spend about 21% of the gdp but spending 22.4% we should get 18.5% in revenue but are getting only 15.5%. so listen to the wisest investor and businessman and also...
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185
Nov 28, 2012
11/12
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CNBC
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and the underlying economy ain't doing so hot. this new trimble is all about helping customers become more productive and more efficient, antidote for this low growth economic environment. it uses proprietary technology, collect data from other measurement technologies and it processes that data that's designed to tell the customers what's needed to improve efficiency of workers out in the field. especially at construction sites and new infrastructure builds. those software builds can cut fuel costs or improve customers service or safety standards. it all comes down to helping other companies to find new ways to squeeze more money out businesses. that's the kind of pitch that never goes out of style. certainly not one that the old trimble could have offered. it's a joint venture with cat pilller where their technology will be sold to cat dealerships for everything to machine control technologies. this gives the company a tremendous outsource international sales force. it looks like it's become the real deal. companies had a confer
and the underlying economy ain't doing so hot. this new trimble is all about helping customers become more productive and more efficient, antidote for this low growth economic environment. it uses proprietary technology, collect data from other measurement technologies and it processes that data that's designed to tell the customers what's needed to improve efficiency of workers out in the field. especially at construction sites and new infrastructure builds. those software builds can cut fuel...
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Nov 21, 2012
11/12
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MSNBCW
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economy expanded more than at any other time in history. but something happened because corporations are still doing really, really, really well. but the people that work for them, not so much. corporate profits measured as a percentage have hit record highs. but compensation has hit record lows. look at this chart compared to profits and compensation over the last decade. profit profits is a percentage has surged to record levels. compensation, which workers get, has declined. and these are partially the same trend. corporations threaten to go overseas, they cut costs by give less and less to workers and keep more revenue as profit. in fact, it looked like a dragon. the dragon of inequality. so how do you slay the dragon of inequality and low worker compensation? the twinkie era is not coming back. and and here's what is coming. the affordable care act. explaining what it has to do requires moving from twinkies to pizza. and i recognize there's some irony in talking about junk food, but we're going to do it any way. papa john's has been co
economy expanded more than at any other time in history. but something happened because corporations are still doing really, really, really well. but the people that work for them, not so much. corporate profits measured as a percentage have hit record highs. but compensation has hit record lows. look at this chart compared to profits and compensation over the last decade. profit profits is a percentage has surged to record levels. compensation, which workers get, has declined. and these are...
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Nov 26, 2012
11/12
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KNTV
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say what you will about the state of the economy, but americans didn't hold back on what turned out to be a record-breaking holiday weekend for retailers. and it's not over yet. cyber monday is officially in full swing and experts predict today will be the biggest online shopping day of the year to the tune of $1.5 billion. nbc's kristen dahlgren has more. >> reporter: from the moment doors opened thursday, before the thanksgiving dishes were even done, almost a quarter billion shoppers will have been online or in stores. >> i just prepare, put my speakers on and go for it. >> reporter: shopping started earlier than ever, and in spite of the employee protests, the early opening paid off. according to the national retail federation, more than 35 million shopped on thanksgiving, six million more than last year. black friday was big, too. 89 million braved the crowds in search of those hard-to-beat bargains, up from 86 million last year. >> the biggest wish list is -- >> uggs. >> reporter: and americans spent more, too. the average shopper spent $423 this weekend, up from $398 last year,
say what you will about the state of the economy, but americans didn't hold back on what turned out to be a record-breaking holiday weekend for retailers. and it's not over yet. cyber monday is officially in full swing and experts predict today will be the biggest online shopping day of the year to the tune of $1.5 billion. nbc's kristen dahlgren has more. >> reporter: from the moment doors opened thursday, before the thanksgiving dishes were even done, almost a quarter billion shoppers...
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Nov 23, 2012
11/12
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FOXNEWSW
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eye 237
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americans are out of the work our national debt exceeds the size of the economy and threatens our children's future. as a mother of young children this is a condition stant worry as is the cost of the gas and. and yet today we will pray for those less fortunate and we'll think of servicemembers away from home and give thanks for them and their families. and our hearts will go out to the families still without power after hurricane sandy and wilelook ahead to the holidays and new year and that same service of optimism that brings us together today should inspire us all year round and why here in washington dc republicans reached out to president obama in the hope to help our economy grow and solve the debt that threatens our children's future. >> if a deal is not reached on the fiscal cliff tax cuts will expire on january 1st. back to black friday. unfortunately fights already breaking out. this was the scene in indianapolis a few hours ago. police were called in to break up fights. shoppers waited in line to receive vouchers for plasma tvs and learned that some of the people were selling vou
americans are out of the work our national debt exceeds the size of the economy and threatens our children's future. as a mother of young children this is a condition stant worry as is the cost of the gas and. and yet today we will pray for those less fortunate and we'll think of servicemembers away from home and give thanks for them and their families. and our hearts will go out to the families still without power after hurricane sandy and wilelook ahead to the holidays and new year and that...
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Nov 29, 2012
11/12
by
FBC
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suvs that can do things, carry things and still get fuel economy that is good. gerri: let's look at some of the makes and models. would you like to start with tesla? >> sure, let's talk about tesla. it looks a little bit like an amazing vehicle. i have driven in. it is a pretty fast vehicle. it feels like you are driving a ferrari with plenty of room for five people. it is more fuel efficient than a toyota prius. gerri: did tesla have problems in the past? didn't they have trouble testing of these cars? i'm surprised you're so excited. >> well, no, a lot of people get electric carmakers mixed up. there is fisker karma and tesla. just because one has problems doesn't mean the other does. it is actually a proven company that has a record. fisker karma, they are building this one vehicle and it seems to be riddled with problems. gerri: okay, let's talk about the audi a-7. >> yes, drives great. we look at our reliability of information. 1.2 million vehicles, telling us what went wrong with our cars. as florida's. traditionally they have a lot of electrical problems
suvs that can do things, carry things and still get fuel economy that is good. gerri: let's look at some of the makes and models. would you like to start with tesla? >> sure, let's talk about tesla. it looks a little bit like an amazing vehicle. i have driven in. it is a pretty fast vehicle. it feels like you are driving a ferrari with plenty of room for five people. it is more fuel efficient than a toyota prius. gerri: did tesla have problems in the past? didn't they have trouble testing...
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106
Nov 21, 2012
11/12
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CSPAN
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eye 106
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i have no economy. the only way to change that dynamic, in my urban neighborhood, is to have a more educated population. you have got these city leaders who realize their economy is eroding with every kid who dropped out. if he allowed the same to go in place, does anyone believe it wouldn't affect the dropout rate? >> you talk about foreign competition in china and india getting ahead of us. is the model we have in place for teaching our kids that was built in the industrial age sufficient for the information age? >> that is a softball question. [laughter] >> realisticalno. when we built as education system, summers were also taken work on farms. that is why we have the schedule. when we put that system in place, there were no cars, planes, were electric lights. computers, on and on. we have anline is over allegiance to the system based on the stock to a. my mother went to the school. my grandmother went to the school. you cannot close the school. 95% students were failing and parents were still fighti
i have no economy. the only way to change that dynamic, in my urban neighborhood, is to have a more educated population. you have got these city leaders who realize their economy is eroding with every kid who dropped out. if he allowed the same to go in place, does anyone believe it wouldn't affect the dropout rate? >> you talk about foreign competition in china and india getting ahead of us. is the model we have in place for teaching our kids that was built in the industrial age...
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62
Nov 22, 2012
11/12
by
FBC
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so as housing continues to build up, it's going to help the economy. inventories are low. we're ready to occupy and on construction, 40,000 units right now, so a lot of potential for growth. gerri: last word. as you look at into the next test of months, what do you see in your crystal ball? >> again, as long as we avoid a serious fiscal cliff type crisis , we avoid a spike in interest raes, some of those challenges. i think housing continue to gradually recover with the caveat that we want to keep an eye on the investor activity. too much of money pouring into the market, we know that ultimately results in people pulling at money back out when conditions hour which is definitely a chance to keep an eye and. gerri: we will be telling people how to use that hot money and how to invest in housing. susan, robert, michael, thank you for coming in. fascinating conversation, great to hr all of your ideas and thoughts. thank you. and if you are fired up about this or have a house in question, write me an e-mail. gerri@foxbusiness.com. >> coming up on a special editioof "the willis
so as housing continues to build up, it's going to help the economy. inventories are low. we're ready to occupy and on construction, 40,000 units right now, so a lot of potential for growth. gerri: last word. as you look at into the next test of months, what do you see in your crystal ball? >> again, as long as we avoid a serious fiscal cliff type crisis , we avoid a spike in interest raes, some of those challenges. i think housing continue to gradually recover with the caveat that we...
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385
Nov 27, 2012
11/12
by
KQED
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eye 385
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economy between consumers on the one hand-- and they account for 70% of the economy-- but they're feeling fairly good about things. whereas businesses are not, and businesses tend to be more worried about things like the fiscal cliff, they're more worried about the troubles in europe, they're more worried about the slowdown in china. you do have the disconnect. the big concern is which way is it going to go? who is going to win this tug-of-war? so far it's the consumer but let's hope it's not the other direction because as i said, let's hope that the businesses will eventually come around to thinking about things the way consumers are. . >> brown: nancy cohen, i want to come back to you on the question of online shopping and the changed landscape. does the rise of online shopping have a real impact on the economy or is it sort of shifting, transferring, where people buy their things? >> well, that's a very open question, partly because this is so new. the marriage and the magic of online plus brickes and mortar. i mean, there's no question people are visiting online web sites more often t
economy between consumers on the one hand-- and they account for 70% of the economy-- but they're feeling fairly good about things. whereas businesses are not, and businesses tend to be more worried about things like the fiscal cliff, they're more worried about the troubles in europe, they're more worried about the slowdown in china. you do have the disconnect. the big concern is which way is it going to go? who is going to win this tug-of-war? so far it's the consumer but let's hope it's not...
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196
Nov 29, 2012
11/12
by
CNBC
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eye 196
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even when the economy is not doing so hot and the underlying economy is not doing so hot. it helps their customers become more efficient. though use this proprietary technology and collect data from satellites, laser, and other met methods and they have applications for pacific software designed to tell their customers what they need to do to improve the efficiency of their workers out in the field. especially at construction sites and infrastructure builds and they work along many dimensions. they can cut labor costs, pesticide costs, or fuel costs. they can help them imcustomer service. at the end of the day it comes down to other companies finding new ways to squeeze more money out of their businesses and that's the kind of pitch that never goes out of style. certainly not one the old tremble could have offered. i'll give you an idea. tremble has joibt technology with -- anything from software solutions and machine control technologies. this gives the company a tremendous outsource international sales force. it looks likes tremble has become the real deal. they recently
even when the economy is not doing so hot and the underlying economy is not doing so hot. it helps their customers become more efficient. though use this proprietary technology and collect data from satellites, laser, and other met methods and they have applications for pacific software designed to tell their customers what they need to do to improve the efficiency of their workers out in the field. especially at construction sites and infrastructure builds and they work along many dimensions....
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160
Nov 28, 2012
11/12
by
FOXNEWSW
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eye 160
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and for those families and it would be bad for the world economy. it is very important to get that resolved and i am very open to a fair and balanced approach to reduce our deficit and provide the kind of certainty that businesses and consumers need so we can keep this recovery going. obviously, we will be spending some time talking about national security issues. i want to say thank you to this extraordinary cabinet for a job well done and i take this opportunity to publicly embarrass two members whose birthdays are either today or tomorrow, rich, happy birthday to you, rich. that is tale today. and janet napolitano's birthday is tomorrow. guys, thank you. we want to get back to work. thank you, guys. could not be prouder of the job that susan rice has done. >>shepard: very rare for the president to take a question and actually answer it at the end of one of those. you heard him say in the past it would be a precedent to answer a question now because that would make people scream at me all the time with questions. he must have used this question as
and for those families and it would be bad for the world economy. it is very important to get that resolved and i am very open to a fair and balanced approach to reduce our deficit and provide the kind of certainty that businesses and consumers need so we can keep this recovery going. obviously, we will be spending some time talking about national security issues. i want to say thank you to this extraordinary cabinet for a job well done and i take this opportunity to publicly embarrass two...
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86
Nov 27, 2012
11/12
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CSPAN
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eye 86
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the economy has slowed down and we need to get people back to work and to get the economy recovered. we're burning a lot more clean- burning natural gas today and that is displacing other forms of energy. that was made possible because of four hydraulic fraction. the price has been pushed down from about $13 to about t$4. 3. we do understand the relationships between various forms of energy. we take our responsibility seriously. we have the lowest commissions in many years. host: the climate change conference is taking place in qatar. a new round of talks is beginning. the developing countries have been asked to focus on the essential tasks ahead. what are you concerned about this? guest: i think the united states should go over there with her head held high. look how we reduced our clean burning emissions. we're back to where we were 20 years ago. too many people expect to have an answer immediately and you can do that in energy policy. it took us 100 years to get off wood. we to focus on realistic aspirations. that is what we should be talking about. host: back to the keystone disc
the economy has slowed down and we need to get people back to work and to get the economy recovered. we're burning a lot more clean- burning natural gas today and that is displacing other forms of energy. that was made possible because of four hydraulic fraction. the price has been pushed down from about $13 to about t$4. 3. we do understand the relationships between various forms of energy. we take our responsibility seriously. we have the lowest commissions in many years. host: the climate...
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Nov 26, 2012
11/12
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KRON
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eye 198
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series a tax increases and spending cuts set to go into effect next year would dramatically alter the economy. but the the joins reports. >> we must get an agreement. --athena jones.. >> this is not a done deal or a certainty if congress does nothing which they're pretty good about these days. we will go over the fiscal cliff. >> staffers have a working behind the scenes to find common ground to avoid cuts that should be concerning for everyone. >> they should be worried if we have a defense job or if we are dependent on others of the federal budget. the regulation of our food safety, and our borders being secure. or fbi. >> the sticking point is what to do about taxes. the democrats want to raise taxes for the wealthy and republicans to not. the anti-tax crusader had gotten a majority of the " law makers to pledge not to support any effort to raise taxes. >> i'm willing to recorgenerate revenue. where is below but i will not raise tax rates to do it i will cap deductions, and violates the pledge, long story short. for this country of democrats will do entitlement changes. >> is not we clear
series a tax increases and spending cuts set to go into effect next year would dramatically alter the economy. but the the joins reports. >> we must get an agreement. --athena jones.. >> this is not a done deal or a certainty if congress does nothing which they're pretty good about these days. we will go over the fiscal cliff. >> staffers have a working behind the scenes to find common ground to avoid cuts that should be concerning for everyone. >> they should be worried...
161
161
Nov 29, 2012
11/12
by
KPIX
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eye 161
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that's what our economy needs. that's what the american people deserve. gd if we get this part of it right, then a lot of the other issues surrounding deficit reduction in a fair and balanced, responsible way are going to be a whole lot easier. >> reporter: white house officials say mr. obama is not interested in personally meeting with congressional republicans because those meetings did little to resolve the 2010 debt ceiling crisis. but when mr. obama later skipped congressional meetings and campaigned to extend the 2% payroll tax cut and maintain lower student loan interest rates, he won. the president is primarily focused on step one of this process-- winning the middle class tax cut debate. step two is being led by his treasury secretary jim geithner and liaison rob nabors. they are going to work with congress on spending cut and other fiscal cliff details. the first meeting will be tomorrow on the hill. >> pelley: major, president said today he thought all this could be done by christmas. why does he think so? >> reporter: because that is the big t
that's what our economy needs. that's what the american people deserve. gd if we get this part of it right, then a lot of the other issues surrounding deficit reduction in a fair and balanced, responsible way are going to be a whole lot easier. >> reporter: white house officials say mr. obama is not interested in personally meeting with congressional republicans because those meetings did little to resolve the 2010 debt ceiling crisis. but when mr. obama later skipped congressional...
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Nov 27, 2012
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especially as the economy gets better. >> it's going to take more than grass roots. it's great they are organizing and talking about it, but president obama had an innate ability to raise big money. can the democrats duplicate that? i mean there's going to be somebody coming along and inspiring people to the next level to keep this thing going. can it have an effect in the midterms? >> there's a difference between what president obama was doing in the end, and these big donors coming together in what mitt romney called the darkrooms. what you've got to have here is some of this big money sitting it out for 2016. they have to be focused on 2014 and try to win back especially the house seats. that's where the real difference is going to come. if the president gets another honeymoon, it's going to be over by february. does he get a second? >> the finances of the country is very important. but demographically, immigration reform walks right into the democratic tent. this would be a big -- the right move, actually. politically the right move, but also important for the co
especially as the economy gets better. >> it's going to take more than grass roots. it's great they are organizing and talking about it, but president obama had an innate ability to raise big money. can the democrats duplicate that? i mean there's going to be somebody coming along and inspiring people to the next level to keep this thing going. can it have an effect in the midterms? >> there's a difference between what president obama was doing in the end, and these big donors...
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Nov 28, 2012
11/12
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truth and save $1 visit alka-seltzer on facebook. >> pelley: housing has been the biggest drag on the economy. but we got another sign today that it's doing better. home prices in big cities were up 3% in september compared to a year ago. in phoenix they rose more than 20%. 8.8% in minneapolis. and more than 7.5% in detroit. greenhouse gases that many scientists say cause climate change are now coming from a new source: permafrost. that's the thick layer of organic material surrounding the arctic circle. it's been frozen for hundreds of years but today the u.n. reported it's thawing. carbon dioxide and methane from the permafrost are being released from the permafrost, which may speed up climate change. researchers made a discovery off miami beach, a fighter plane that may date back to world war ii. the grumman f-6-f hellcat is mostly intact, though, upside down 240 feet below the surface. it's not known when or why it went down but 79 hellcats like this one crashed off florida's east coast between 1943 and '52. who is paying top dollar for elephant tusks? our hidden camera investigation is n
truth and save $1 visit alka-seltzer on facebook. >> pelley: housing has been the biggest drag on the economy. but we got another sign today that it's doing better. home prices in big cities were up 3% in september compared to a year ago. in phoenix they rose more than 20%. 8.8% in minneapolis. and more than 7.5% in detroit. greenhouse gases that many scientists say cause climate change are now coming from a new source: permafrost. that's the thick layer of organic material surrounding...
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mouthpieces basically have two options one they can live which there are already doing claiming that our economy runs best when wealthy and mostly white job creators are given enormous tax breaks or complaining that forty seven percent of the country doesn't exist or to a few people reilly's nontraditional voters from voting. and there are already working on that one to voter id laws restrictions on early voting voter purges they were all intended for one purpose to suppress the minority vote and just because it didn't work this year doesn't mean republicans won't keep trying to desperately preserve their dwindling white majority at the polls take for example what's happening in wisconsin democrats won big in wisconsin this year on election day but the state's republican governor scott walker wants to make sure that doesn't happen again in the future as constant as one of a few states in the nation that has same day voter registration allowing wisconsinites to register and vote on election day as a result back in two thousand and eight that state had the second highest voter turnout in the natio
mouthpieces basically have two options one they can live which there are already doing claiming that our economy runs best when wealthy and mostly white job creators are given enormous tax breaks or complaining that forty seven percent of the country doesn't exist or to a few people reilly's nontraditional voters from voting. and there are already working on that one to voter id laws restrictions on early voting voter purges they were all intended for one purpose to suppress the minority vote...
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Nov 28, 2012
11/12
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i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who is in public service is that they are public servants. they want the country to be better off. no matter how you want to get there. whether or not some people think you're wrong or some people think you're dumb or misinformed, there's a general assumption that if you're involved in politics that means that what you want is a good future for america. you're out to help america, not hurt america. hurting the country on purpose when you know that's what you're doing violates the most basic thing that we think we can assume about why
i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who...
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Nov 28, 2012
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economy. in the health-care system, whatever. most of the jobs are created in small enterprises, not in the big plants. he said to me, we have one problem, we get no credit. no greek bank can give us the credit. this is the thing in spain and italy, the credit crunch is one of the biggest problems. my proposal is to go away from austerity by gaining trust by overcoming the credit crunch. and i think at the end, by helping those countries who are nevertheless under the attack of speculator. in the case of italy -- i must admit this is not possible because you need unanimity. it makes no sense that mario monti in italy wants to get a reduction of about 70 billion euros an effect in the budget, three or 4 million a year to finance the separate debt. this is a direct transfer of taxpayers' money into the pockets of speculators. i think the obstacles for the free-trade agreement are enormous. especially on the european side, in my eyes is more ideological founded than it is an expression of an appr
economy. in the health-care system, whatever. most of the jobs are created in small enterprises, not in the big plants. he said to me, we have one problem, we get no credit. no greek bank can give us the credit. this is the thing in spain and italy, the credit crunch is one of the biggest problems. my proposal is to go away from austerity by gaining trust by overcoming the credit crunch. and i think at the end, by helping those countries who are nevertheless under the attack of speculator. in...
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Nov 21, 2012
11/12
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economy. which is flat out false. in 1992 the black unemployment rate was 14.3%. in 2012, this year, the black unemployment rate is 14.3%. exactly the same. in hispanic precinct, the situation similar. this is about a dramatic change that is overwhelming the united states of america. not economic ma lace. when you have more than 100 million americans living in a home receiving stuff from the government, again, outside of medicare and social security, we're not counting that -- then you have a large dependence on the federal government. and what does that do? well, it saps motivation. why bust your tail when the feds will give you enough to get by? america became great because of individual self reliance, hard working people took chances, suffered, created things that helped the country. every day americans empowered this nation. not the federal and state governments. they're in place to protect us and to see that social order is kept. not to provide cradle to grave security. the founding fathe
economy. which is flat out false. in 1992 the black unemployment rate was 14.3%. in 2012, this year, the black unemployment rate is 14.3%. exactly the same. in hispanic precinct, the situation similar. this is about a dramatic change that is overwhelming the united states of america. not economic ma lace. when you have more than 100 million americans living in a home receiving stuff from the government, again, outside of medicare and social security, we're not counting that -- then you have a...
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Nov 28, 2012
11/12
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gerri: luxury cars up 10% this year, recession, maybe not, speaking to the economy. jake, thanks for coming on tonight. great to have you on. >> you're welcome. fun being on. have a great night. green cars seem to be all the rage at the car shows every year, but they are not catching on with consumers despite president obama's dream of a million electric vehicles on the road by 2012, and 2011, only only 18,000 units sold, that's a bummer. in tonight's top five, the best selling electric cars in the u.s. so far this year, number five, ford focus electric. now, through august of this year, ford sold fewer than 200 of the vehicles. they didn't reach the lots until may. four, the mitts bee shy, sales up 400% to a whopping 403 cars. knee san, number one seller last year, only four people drove away in a leaf. oh, boy, the cousin of the best selling hybrid car, the toyota prius plug-in. only 6,000 priuses sold in the first three quarters, leaving us with the number one electric car in the u.s., yeah, you got it, the always controversial chevy volt which does not make this
gerri: luxury cars up 10% this year, recession, maybe not, speaking to the economy. jake, thanks for coming on tonight. great to have you on. >> you're welcome. fun being on. have a great night. green cars seem to be all the rage at the car shows every year, but they are not catching on with consumers despite president obama's dream of a million electric vehicles on the road by 2012, and 2011, only only 18,000 units sold, that's a bummer. in tonight's top five, the best selling electric...
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Nov 29, 2012
11/12
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economy could experience a severe shock. that is if leaders in washington can't come up with a budget deal. scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when
economy could experience a severe shock. that is if leaders in washington can't come up with a budget deal. scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good...
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Nov 26, 2012
11/12
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good afternoon. i'm taylor mathson with your cnbc market wrap. the dow falls 42, the s&p loses 2, and the nasdaq added 9. shares of ebay jumped nearly 5% on expectations of a very busy cyber monday. online sales are expected to total $1.5 billion today. that's up almost 20% from last year. >>> and yahoo! hit a 2 1/2 year high of $19 a share earlier before falling back slightly. goldman sachs raised his price target on that long time beleaguered stock to $24 a share. >>> that's it from cnbc, first in business worldwide. now back to "hardball." ♪ >>> welcome back to "hardball." anti-tax crusader grover norquist has been called the most powerful man in washington but is his influence on the wane? >> i'm not obligated on the pledge. made tennesseans aware, i was just elected, the only thing i'm honoring is the oft i take when i'm sworn in this january. >> when you're $16 trillion in debt, the only p
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good afternoon. i'm taylor mathson with your cnbc market wrap. the dow falls 42, the s&p loses 2, and the nasdaq added 9. shares of ebay jumped nearly 5% on expectations of a very busy cyber monday. online sales are expected to total $1.5 billion today. that's up almost 20% from last year. >>> and...
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Nov 27, 2012
11/12
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economy is centered around consumer spending. so it's absolutely key. now, we're used to black friday spending. and that was good this year. it was up about 12.8% to 59 billion u.s. dollars. we know about cyber monday as well. when everyone goes back to work, apparently goes back to work and sneaks onto their computer and continues to spend the likes of amazon and ebay were doing very well. as indeed walmart who's had a cracking holiday season so far. what is less well known is the small business saturday. this thing's only been going about three years. in every single state, it had a real rubber stamping from authorities to try and get people spending in what is the backbone of the u.s. economy, i.e., small businesses. well, the initial surveys are very good. small business saturday has pretty much doubled from the last couple of weeks from 34% to 67%. and as you mentioned there, the spending has gone up as well. spending slightly more than people expected going into this. 5.5 billion u.s. dollars as well. so that is incredibly good news for the small
economy is centered around consumer spending. so it's absolutely key. now, we're used to black friday spending. and that was good this year. it was up about 12.8% to 59 billion u.s. dollars. we know about cyber monday as well. when everyone goes back to work, apparently goes back to work and sneaks onto their computer and continues to spend the likes of amazon and ebay were doing very well. as indeed walmart who's had a cracking holiday season so far. what is less well known is the small...
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Nov 22, 2012
11/12
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CSPAN
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you, and is going to have a profoundly negative effect with regard to your opportunity and how the economy will grow if we do not get it under control. one of the verdicts of the electorate in this election is that the middle-class, where republicans have traditionally done well, did not do very well in this election. a bunch of reasons for that, but we need to go back to the drawing board, under the principles of limited government. at what is an economic growth strategy that is marketable to the american people, that speaks to their interests? >> we will take a question from a non-student. this will be the last question. >> i do not know -- to me, it looks like a hurricane sandy did play a part in the outcome. governor christie was an ardent supporter of romney to start with -- after the hurricane, it sounded like he was leaning toward obama. my question to you, did it play a part in the outcome? >> did governor christie's embrace of president obama on the tarmac in new jersey after hurricane sandy play a role in the outcome in this election? i would like to hear david answer first. >> u
you, and is going to have a profoundly negative effect with regard to your opportunity and how the economy will grow if we do not get it under control. one of the verdicts of the electorate in this election is that the middle-class, where republicans have traditionally done well, did not do very well in this election. a bunch of reasons for that, but we need to go back to the drawing board, under the principles of limited government. at what is an economic growth strategy that is marketable to...